MAM to launch income fund for Gray as Special Sits moves sectors

MAM Funds is preparing to launch a global multi-asset income product for Martin Gray and James Sullivan.

The CF Miton Global Diversified Income fund, which is slated for launch in Q3, will have a 4% yield target, paid quarterly. It will be able to invest in both funds and direct assets including equities and bonds. “There will be times when the portfolio will have a bias towards equities, bonds, or even property,” said Gray. “Or even towards commodities if more of these stocks start to pay a dividend. “We will be able to add protection if we see dark clouds gathering, most likely using forward options.” Gray (pictured) emphasised the fund will not be just a version of his £776m CF Mit...